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The Markets Sell Off Sharply, Led by Bank Stocks

May 4, 2016

A surge in the Yen leads to a worldwide sharp sell-off today. The bond market surged, and the flattening yield curve also led to sharp sell-off in the major banks. Tomorrow we will be watching the potential H&S top forming in the SPX. A break of 2060 could lead to a move close to 2030.